It Hasn’t Taken Long for COVID-19 to Wreak Havoc on Publishing

A lot has happened since I wrote to you last week about the rapid spread of COVID-19, its impact on all of us in publishing and our continued commitment to serve you. As I stated then, Folio: will keep our promise to seek out positive stories on how our community can get through this unprecedented time. And we will also remain committed to keeping you informed on what’s happening with your industry without spin or puffery. So with that in mind, let me be frank: things are not so good today. The immediate impact the novel coronavirus has had on publishing has already become palpable, and for many who have been around this this business for more than a decade, it's likely bringing back bad memories of the 2008 recession. Like many other businesses across the country and the globe, publishers are suffering from a liquidity problem. That makes it very hard to maintain an operation. Hopefully swift government intervention will prevent many businesses from running out of cash or securing the credit they need to stay afloat and make payroll. In less than two weeks, COVID-19 has exposed the vulnerability of our industry, despite years of hard work building out more recession-proof businesses. Playboy ended its print magazine's frequency in response to the impact of the virus. It's unlikely it will be the last iconic publication to do this in 2020. Time Out has temporarily suspended its print edition across all of its global markets and closed its chain of upscale food halls in... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-03-26 13:00:37 UTC ]
News tagged with: #rarely deliver #month ago #biggest threat #human capital #invisible hand #publishing industry

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App Development Strategies for Small to Medium-Sized Publishers

Keeping pace with the dramatic changes on the smartphone and tablet front is no small feat for any publisher, but doing so presents a particular challenge for smaller companies without a safety net of funds for experimentation with platforms that are at once in their infancy and yet increasingly... Continue reading at Folio Magazine

[ Folio Magazine | 2012-01-26 00:00:00 UTC ]
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Milbank appointed Octopus publishing director

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[ The Bookseller | 2012-01-25 00:00:00 UTC ]
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33Across Acquires Publishing Data Gold Mine Tynt

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[ AdWeek | 2012-01-25 00:00:00 UTC ]
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'Agile' publishing at Digital Book World

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[ The Bookseller | 2012-01-24 00:00:00 UTC ]
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Roth-Ey made 4th Estate/HarperPress publisher

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[ The Bookseller | 2012-01-24 00:00:00 UTC ]
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Round joins HC as associate publisher

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[ The Bookseller | 2012-01-24 00:00:00 UTC ]
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Polar Mobile Raises $6 Million For HTML5-Based Publishing Platform, MediaEverywhere

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[ Editor & Publisher | 2012-01-23 00:00:00 UTC ]
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Ammo Books: Publishing in Small, Medium, and Large

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[ Publishers Weekly | 2012-01-20 00:00:00 UTC ]
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Electrik surges into digital publishing

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[ The Bookseller | 2012-01-19 00:00:00 UTC ]
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Macmillan to publish Queen Mother's letters

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[ The Bookseller | 2012-01-19 00:00:00 UTC ]
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vjoon’s Alliance with Adobe® in Tablet Publishing Pays Off for Customers

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[ Editor & Publisher | 2012-01-19 00:00:00 UTC ]
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YA market ripe for digital, say publishers

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[ The Bookseller | 2012-01-16 00:00:00 UTC ]
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[ The Bookseller | 2012-01-16 00:00:00 UTC ]
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Mirror launches year-long reading campaign

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[ The Bookseller | 2012-01-16 00:00:00 UTC ]
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Indie publishers enjoy 'strong' Christmas

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[ The Bookseller | 2012-01-16 00:00:00 UTC ]
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IPC Media appoints Evans as publisher of Marie Claire

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[ Media Week | 2012-01-06 00:00:00 UTC ]
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B&N to shed publishing arm

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[ The Bookseller | 2012-01-05 00:00:00 UTC ]
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Publishers look to digital as physical sales slump £100m in 2011

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[ The Bookseller | 2012-01-05 00:00:00 UTC ]
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Barnes & Noble Shops Publisher

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[ AllThingsD | 2012-01-05 00:00:00 UTC ]
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[ Folio Magazine | 2012-01-04 00:00:00 UTC ]
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